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20121001
20121031
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CNBC 23
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English 23
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CNBC
Oct 1, 2012 6:00am EDT
a comeback after the u.s. began sunday with a big lead. europe has won five of the last six matches. this was a heartbreak for anyone watching this. we'll talk more about that a little later this half hour. but first before we get to all of that, andrew has this morn g morning's other top stories. >> we have global data this morning and not all of it that great. eurozone manufacturing reporting its worsts quarterly performance since the depths of the great recession. factories were hit by falling nand. survey suggests that the downturn began in smaller periphery countries has now taken root in core members including germany and france. speaking of europe, an expert group will present its findings to the eu commission, that's coming tomorrow. the proposal could recommend european banks separate retail banking from their riskier investment arms. but eu regulators said to be unlikely to pursue such reforms at a time when they're trying to rebuild a banking union. and asia, a survey showing the economy has certainly suffered a seventh straight quarter of slowing growth. hsbc china manu
CNBC
Oct 22, 2012 6:00am EDT
? similar to anything here in u.s.? >> it's similar. it's a symptom of western societies, democracies that have overspent where essentially debt has gasoline in the private sector level. and it always depends what you use it for. i remember in the 50s and 60s, they had high ratios because they invented a lot of money in plant and equipment and infrastructure. that's a different story from borrowing to spend in other words for consumption purposes. borrowing for consumption purposes advances consumption to today which would have taken place tomorrow anyways. and that house hold debt once it becomes guess sexcessive, it ca grow anymore. nobody lends you money and automatically you have structurally weaker future growth. >> so you're in the business thousand. of a quoted thomas jefferson and you are now, too, this happened -- this is all the way back -- this is a long time ago, this dude said the abuse of buying and selling votes crept in and men began to play an important part in determining elections. later on this process of corruption spread to the law courts and then the aerl and fi
CNBC
Oct 15, 2012 6:00am EDT
mobile operator will buy up to 70% of the third largest u.s. carrier. about $20.1 billion and softbank will get access to a u.s. market that still shows growth compared to japan's market which is stagnating. meantime sprint will get the fire power to buy competitors and to build out its 4 g network. meanwhile a new poll finds economists forecast only tepid growth. unemployment seen back above 8% for the first half of 2013. good news comes in the quarterly survey by the national association for business economists and that is the housing market is recovering faster than expected those polls say the economy likely won't fall off the fiscal cliff. and nabe's vice president will join us along with steve liesman at 7:30 eastern. at 8:30, september retail sales and the october empire state survey. so we'll see how business conditions are around here. and then at 10:00, we have business inventories and earnings season is in full swing this week. profits of s&p 500 comes are seen dropping 3% this quarter year over year. that would be first decline that we've seen in three years. 6% of the s&p
CNBC
Oct 8, 2012 6:00am EDT
to the region's exposure to china. and finally, a u.s. congressional committee set to recommend blocking china's big telecom equipment maker from expanding in american markets. leaked report says that there are security risks. >> codo we trust the chinese? >> if you were looking there, i would find another vendor if you care about your indiatakellectu property and the national security of the united states of america. >> that report was something. the full report set to to be released at 10:00 a.m. eastern today. the move comes as they're considering a public offering. and joe has more headlines. >> the leaves are changing color. east coast starting to feel the chill of autumn. that could only mean earnings season are upon us. i'm not sure why my headlines aren't exciting enough or ominous enough for the new music, but apparently they're not even though earnings are not expected to be that great. so you would think maybe i would have some music with my read here. there it goes. >> i'm even getting sick of it at that point, sorry. >> it's not going to be a good earnings season and i don't get t
CNBC
Oct 16, 2012 6:00am EDT
what started in the u.s. yesterday. also citigroup beating earnings. so look to goldman whether we can keep momentum there. hang seng up 0.3%. xetra dax now over the 7300 level. ftse 100 even adding half a percent this morning. this after uk inflation data fell to its lowest annual rate since 2009. spain and greece did go to market with 12 month t-bills today paying slightly lower yields. spain's ten year is moving a little bit higher today, nevertheless 5.85%. greece, the rally continuing there. under 17.4%. italy benefiting a bit this morning. and i want to end on this note. as people sort of continue to debate whether it's qe-3 or fundamental strength in the global economy, silver yesterday got nailed. down almost 3%. today we're seeing a bit of a buns back. so in line with what we're seeing across crude, as well. but perhaps more indicative of the general risk on mood that we've seen. the debate whether or not you you want to buy precious metals versus base metals is likely to continue. but better signs coming out of the ace traustralian companies. back to you. >>> john harwood is
CNBC
Oct 29, 2012 6:00am EDT
trading all together. that happened after it had conversations with other u.s. stock markets and with u.s. regulators, including the sec. and this is the first weather related shut down since hurricane fwlor i can't back in 1985. the cme group is running its urk of usual futures session from 6:00 p.m. to 9:15 a.m. eastern. you will be able to see the stock index futures throughout the morning. they are under pressure right now. cme will be shutting down trading after that time. so depending on the impact of the storm, it's possible the same scenario will be repeated this morning. three companies have canceled earnings reports. pfizer, nrg and entergy. the government still planning to release personal income and spending data at 8:30. >> the question is did they decide to shut down the electronic portion because the s sec and others said we don't know whether the system unto itself will work, or -- >> they did taest it back in march. >> and they were undetermine pressure in banks and companies saying we don't want to send people to work. it's one thing to say we won't go it to the floor, b
CNBC
Oct 25, 2012 6:00am EDT
. saying head of its u.s. business will be leaving in february and its chief administrative officer at the end of the month. best buy warning its third quarter results will fall women well short of forecasts. shares coming under pressure in after hours trading. and former goldman sachs director gupta has been sentenced for two years for insider trading. gupta has been hit with a $5 million fine. of course he plans to appeal. rajaratnam begins his appeal today. where is scott cohn when you need him. that's one heck of a story that a lot of people on wall street were looking at. mr. kernen. >> what's weird is a guy that can be so sort of respected and distinguished and it's just weird that you can actually be surrounded by other prisoners for two years. and as we've seen it so many times happen again and again. i was struck by bernie kerrik. he's been in the sbhir tientire. hopefully we're in a position where we do our best. the only thing that scares me if you have a couple of cocktails and someone gets hurt or -- then you're headed to -- that's why no way. >> stay home. >> right. ne
CNBC
Oct 12, 2012 6:00am EDT
that bid for splint and as you saw yesterday on this show, news of a possible daily for the u.s. operator first broke here with david faber. softbank has been looking how you to break in to the u.s. market for months. and defense secretary leon panetta says the u.s. military could act preemptively if it detects an imminent threat of cyber attack. he urged stronger action to bolster america's defenses against such plots. officials say this was the first major policy speech on cyber security by any defense secretary. and we've been waiting. the nobel peace prize was awarded today to you, the -- no, that was "time" magazine. >> total cop out. >> a cheap mirror on the cover. this time it went to the european union. the entire union. >> who gets the money? >> i don't know. they'll use to pay off some of the unlg debts that they have. the committee citing the eu's historic role in uniting the continent saying the award was meant as a morale boost for the bloc as it struggles to resolve its debt crisis. i have talked about the peace prize being both political and sort of having jumped the shark
CNBC
Oct 24, 2012 6:00am EDT
before earnings season began. stocks losing $500 billion in just three days and that's just in the u.s. markets alone. u.s. equity futures have this hour -- take a look at the board. we've got green arrows. dow looks like it would open up about 18.5 points higher. the s&p 500 would be up about two points. two big stories could have a very big impact on today's sessions. let's start with the central bank. the policy decision is expected from the fomc around 2:15 eastern time. economists aren't looking for any change in rates and the fed appears intent to stick to its bond buying program. it would take more than a modest show of economic strength for them to begin taking their foot off that gas pedal. we've got names set before the bell. those include at&t, boeing, bristol myers, and a few other stocks to watch. put this in the bad news bears reporting. revenue falling short, though, and the company announcing plans to cut 5% of its work force and close 20 plants, part of a restructuring program aimed at countering the slowing global economy. andrew liveris will be joining at 6:30. faceb
CNBC
Oct 5, 2012 6:00am EDT
see oo 7 at the u.s. open tennis all the time. that's where sean connery hangs out.7 at the u.s. open tennis all the time. that's where sean connery hangs out. looks like we're going down a drain. the show has been going down the drain. that's a good pose there. shaken not stirred. thank you, ross. we'll see you later. have a great weekend. if you have satellite tv, could you probably get the reds game maybe. >> maybe. >> we are in count down mode this morning. jobs report due out at 8:30 eastern. we are joined this morning by michelle girard. you have about eight names. people remember your face. we've made you famous. get recognized once in a while? >> sometimes. >> and we have it other guy who gets recognized for his ties. fao chief economist and federated investor chief equity market strategy phil orlando. how are you? >> i'm fine. >> we've been going on for 20 years i think. >> feels like that. >> what's your number today? >> 120. we were discussing it earlier. we're very close to consensus. there isn't a lot that suggests the labor market has changed very much and that's why we'
CNBC
Oct 18, 2012 6:00am EDT
house. they want to see some kind of a deal by the end of the year. they're saying the u.s. economy is at stake here. take a listen to what else they said. they say the still fragile u.s. economy can not sustain and the american people do not deserve the impact of more gridlock in washington. we urge you to negotiate a bipartisan agreement as quickly as possible to prevent us from going over the fiscal cliff. take a look at some of the power players who signed this letter this morning. lloyd blankfein, jamie dimon james gorman, wribrian moneynih. and also michael corbat. so clearly a message being sent to washington. the question is whether washington can resolve any of this issues that they've been wrestling with for two years. >> is your expectation that this moves the needle or is this -- what is this expectly? >> i think what we're seeing is additional pressure being put on by wall street, by the business community saying you've got to come to a deal. they're signaling that they want a bipartisan deal, but what they don't say is what type of specific deal they want. they're not
CNBC
Oct 10, 2012 6:00am EDT
today. it is a key component to the u.s. economic recovery. our guest host this morning understands this well. richard lefrak will be joining us in the next hour. also, we are continuing our week long series, what's working now. dan fuss is going to talk to us about where he's making money in the fixed income world right now. he's got a great record. i believe it's better than 10% over the last 20 years that he's been averaging. also it was a tweet heard around the world. jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in squawk sports at 6:20 eastern. that's a good one i was watching. the next hour, we'll talk about golf. rhys jones is our gue
CNBC
Oct 2, 2012 6:00am EDT
nation likely to remain contained within it target. and on the u.s. economic calendar today, monthly auto sales. analysts are looking for an annual sales rate of about 14.5 million new cars and trucks for the month. about the same as august, which is the strongest month of the year. among the katla tests, low interest rates, high trade-in values and new models. joe, can we buy and you new cyo new car? >> i've done that. not for me. we went big. we don't put a lot of miles on the car. >> how big did you go? >> i don't think you can get any bigger. >> we have a suburban. >> this is a suburban from -- this is like a suburban, but from a company that didn't take a bailout. >> an expedition? >> no. it's like an expedition, but it gives a little bit more panache. >> oh, the cadillac? >> no. that would be by a bailout. >> don't ask me cars. i knew ford, but -- >> toyota -- >> no. i'm not going across -- i'm buying american. >> who is it? >> it's a navigator. a lincoln navigator. >> all right. >> you but it's like a land yacht. because it has an l next to -- which means it has -- >> you need a bi
CNBC
Oct 31, 2012 6:00am EDT
for the time being. but i do want to just mention as we start to look ahead to markets reopening in the u.s. why we actually are seeing such a strong move in dow futures that could continue over to the open of the session today. it has a lot to do with the mood that's coming out of asia and europe, and surprisingly enough, it has to do with earnings that are stronger than expected, despite the weak headlines about macro factors. i wanted to show you the asian markets because they started the rally this morning. apple supplier, fuji heavy industries, icbc, all of them helping to lift sentiment across the market. the china pmi might also be a factor because that's going to be a key one if it does rebound above that 50 level. now take a look at what's happening across the european market. the xetra dax in germany up. the ibex 35 is up better than 1%. we did see some weaker moves earlier in the week. the fotse 100 is just fractionally negative. you were just talk about ubs. incredible story there with people showing up to work to find out that they had been laid off. take a look at its rivals.
CNBC
Oct 19, 2012 6:00am EDT
from 1987, only in my dreams. ten debbie gibson this morning. >> the u.s. is the largest business travel market in the world, but that's all about to change. in a new study, china will become the number one business travel market overtaking the united states by 2014. mike mccormick explains. >> it's the amazing rate of y t growth in china. they will become the largest. >> forecast to grow nearly 15% in 2013. what is fueling china's travel boom? head over to roadwarrior.cnbc.com. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. thi
CNBC
Oct 9, 2012 6:00am EDT
economies like the u.s., imf saying growth now too slow to make a serious dent in unemployment. meantime the imf predicting growth will begin to slow down in emerging economies such as china. the global forecast now at 3.3% for this year. by the way, that is down from the july estimate of 3.5%. >> you can call it general feeling of uncertainty about the future. worries about the ability of european policymakers who controlle euro crisis, worries about the failure of u.s. policymakers to agree on a fiscal plan. >> as for greece, the imf sees athens missing that five year at the time reduction target that underpins the euro bailout. so they could have problems. and also warning that spain will likely miss its targets in 2012 and 2013 and debt will jump to more than 90% of gdp as it recapitalizes its banking sector. joe. >> i'm looking at an interesting piece on the imf. what got me is that it will slow to 3.3. and what that shows you is the contribution from developing nations. >> china. >> well, yeah. and we'd do anything for 3.3. we would cut off our right arm for 3.3. >> i was a little
CNBC
Oct 23, 2012 6:00am EDT
of the securities trade group is taking place in new york today. and the looming risk the u.s. economy is sure to be on the agenda of participants. we'll be joined by a few of those this morning. including gary gensler. chet heick will also be joining us. on the lighter side of thing, we'll have a rock star among us this morning. yeah, we mean this literally. not just the rock stars we usually have. john popper of blues travelers will be joining us on set at 8:40 to talk about the business of music. but first, let's get over to joe. you have some breaking earnings news? >> i do. at about six numbers for dupont. i'll give you the one that is comparable to expectations. and that is 44 cents which is -- versus 46 cents for an estimate. but first the company said it posted a lot of a nickel from continuing operations. then it said it was 32 cents excluding items. and then it said the bottom line was actually a penny, but excludeing everything, it was 44 crept cents. still two cents below expectations on lower than expected sales. 7.4 billion versus 8.15 billion is what was expected. now, for the r
CNBC
Oct 26, 2012 6:00am EDT
. so they can focus on keeping the world moving. with xerox, you're ready for real ness. >>> u.s. equity futures at this hour are weaker. dow futures down by more than 75 points. s&p 500 futures also down by about 10 1/2. a lot coming from the bad news from apple. not great news from amazon either. weakness across the board. time for squawk sports. tampa bay went into minnesota to take on the vikings. the bucs came away with the victory, 36-17. also the san francisco giants are halfway there. the giants beating the tigers in game two of the world series and they have a 2-0 lead in the best of seven series. >> predicted that on my very successful facebook, what was it, office hours. one of the questions hch-as a national leaguer, i have to go with the national league. i think the dh ruined baseball. but i said the giants in six. so i might be wrong because it might not be -- >> maybe four or five? >> they got the triple crown guy on detroit. they have to come eventually. hurricane sandy headed for new jersey. how do they know it's -- it's such a small -- >> they've changed it. las
CNBC
Oct 3, 2012 6:00am EDT
training site in oregon. experts say the suit is a long shot for a firm that greatly underestimated u.s. suspicions about chinese intention. owned by two chinese nationals and the company was installing wind turbines close to military training sites. the facility is used to test unmanned drones, and we know how controversial that whole program is. it's a highly sensitive u.s. technology. and carlisle group is entering the commodities business. the pe firm bought a majority stake in a commodities trading hedge fund major. carlisle has been diversifying in other alternative classes. >> does this work for you, the ticker? >> just sounds like it's really up to the minute. >> it feels newsy. >> it's really up to the minute. >> this is my fault. i actually asked for this. >> well, i'm glad that you admit your fault. you didn't pick the drum music. >> no, but we've been playing around with different musics. >> it's not really fault if they -- i don't know what kind of music fits with -- >> you want something. otherwise you talk for a minute and a half, two minutes with nothing. >> i like that.
CNBC
Oct 30, 2012 6:00am EDT
at the capitol. president returning there after an aborted trip to florida. u.s. equity futures, read arrows across the board. but those numbers not moving much. also taking a look at crude given what's going on and that has gone up marginally, 85 to 76. although i here already talk of gouging pe pump. joining us is a partner and portfolio manager at douglas lane an associates. when you think about the market opening tomorrow, what are the big issues to take into consideration? >> i think people will see macro issues first. oil and gas, will it be transportation. our view is short term yes, but longer term, things will get back to normal. so the focus will be elections, fiscal cliff, but more for us is more earnings. >> how important is getting trading back up tomorrow? >> it is important. people want to see trading does occur. yes, very important especially as positions for hedge funds and other people start closing out and in values, too. everyone wants to vol their pal portfolios at the end of the month. >> anything to worry about or consider if it becomes an electronic trading situation
CNBC
Oct 17, 2012 6:00am EDT
to the highest level since before the housing bubble burst. and a bitter deal news. asml is buying u.s. based simoner, asml's key supplier of a light base technology that's crucial to making a new generation of much smaller chips. so it's not quantum, joe, but it's light-based. one of these days we'll get a quantum chip. >> did you bring your rolodex yesterday? how do you do that? >> in the blackberry. i was in arizona, so we're three hours the wrong way. i was watching you. >> that was so great when you said those treasury staffers found out about it. >> they were watching cnbc. i would imagine you call tim geithner and the staff just to let them know, not because of tarp anymore. >> right. it seems like they're out of it, but how many years ahead can they use those tax laws -- >> that can continue. >> for like 20 years, right? and they didn't go bankrupt. so if you didn't go bankrupt, you can't use them. but by being saved, they get to keep them as taxpayers -- they can earn profits the next ten, 15 years and we don't get anything. >> are we comfortable that we finally feel like we know wha
CNBC
Oct 4, 2012 6:00am EDT
travelers awards, here are the best premium class u.s. airlines. so what carrier tops the list? stick around to find out. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. >>> according to the just you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> back now with your traveler's check. which u.s. airline is tops for business travelers? for the fifth year in a row, virgin america number one overall. >>> welcome back. let's get to today's squawk sports report. the yankees beating the red sox last night 14-2. it's definitive. new york winning its 13th division title in 17 years of a fer ter a thrilling back and forth race. on the lot of things came down to the wire. the achls defeating the rangers 12-5 to win the american league west. oakland coming from 13 games back on june 30th. just nine days ago, they were still
CNBC
Oct 11, 2012 6:00am EDT
, the u.s. markets and presidential politics. >>> debate day in danville. the countdown to the vice presidential debate tonight in the bluegrass state. rnc chairman reince priebus on how to keep the momentum going to election day. >>> and earnings season is under way. we're keeping you ahead of the game and focused on what the street is watching as the second hour of "squawk box" begins right now. good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. take a look at this morning's line-up. our guest host roger altman is here, just walked onto the set, he'll be weighing in on europe, the fed, politics and much more, in just a moment and in about 15 minutes we have republican national committee chairman reince priebus, he'll be joining us to preview tonight's vice presidential debate. at 7:30 eastern time morgan's largest bank cap analyst joins us with a preview of earnings. those numbers out tomorrow morning along with wells fargo. at 8:00 a.m., former senator ted kaufm kaufman, he's been prepping vice president jo
Search Results 0 to 22 of about 23